Dr. Deepak Kumar Seth, a promoter of Pearl Global Industries Limited, has sold 5,50,000 equity shares, representing 1.19% of the company’s total shareholding. The transaction occurred in the open market on August 26, 2026. Following this sale, Dr. Seth’s total shareholding in Pearl Global Industries has decreased to 9.85% of the total paid-up share capital.
Promoter Share Sale Details
Dr. Deepak Kumar Seth, identified as a promoter of Pearl Global Industries Limited, has informed the stock exchanges about the sale of a significant portion of his shareholding. The disclosure, made under SEBI’s substantial acquisition regulations, details the disposal of 5,50,000 equity shares. This transaction amounts to 1.19% of the company’s total share capital and was executed through a Market Sale on August 26, 2026.
Shareholding Impact
Prior to this sale, Dr. Seth held 50,99,290 equity shares, which constituted 11.04% of the company’s total voting capital. After the sale of 5,50,000 shares, his total holding has reduced to 45,49,290 equity shares. This represents a new shareholding of 9.85% of the total share capital and 9.74% of the diluted share capital of Pearl Global Industries Limited.
Company Capital Overview
The total equity share capital of Pearl Global Industries Limited before the transaction was 4,61,90,542 equity shares. Post the acquisition/sale, the equity share capital remains the same, with the total diluted share/voting capital also noted. The announcement clarifies that diluted share capital assumes the full conversion of outstanding convertible securities and warrants.
Source: BSE
